32962
ZIPSAFMR
Indian River County, FL
BRFMR
Eff. Rent
0 BR$1,150$1,270
1 BR$1,160$1,280
2 BR$1,520$1,670
3 BR$1,850$2,040
4 BR$2,550$2,580
5 BR$2,933
6 BR$3,372
7 BR$3,878
8 BR$4,460

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMR$1,520
Market rent$1,960
Est. payment standard (110%)Used$1,670
Estimated payment standard is $1,670 (110% of FMR).
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Current value$186,245
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Current value$186,245
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Current value$186,245
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.80ratio
FMR$1,150
Market$1,440
vs market-$290

FMR is below market; voucher rent may lag private rents.

90% standard$1,035 / 0.72 ratio110% standard$1,265 / 0.88 ratio
0.80
1 BR
1 BR
0.67ratio
FMR$1,160
Market$1,730
vs market-$570

FMR is below market; voucher rent may lag private rents.

90% standard$1,044 / 0.60 ratio110% standard$1,276 / 0.74 ratio
0.67
2 BR
2 BR
0.78ratio
FMR$1,520
Market$1,960
vs market-$440

FMR is below market; voucher rent may lag private rents.

90% standard$1,368 / 0.70 ratio110% standard$1,672 / 0.85 ratio
0.78
3 BR
3 BR
0.79ratio
FMR$1,850
Market$2,340
vs market-$490

FMR is below market; voucher rent may lag private rents.

90% standard$1,665 / 0.71 ratio110% standard$2,035 / 0.87 ratio
0.79
4 BR
4 BR
0.98ratio
FMR$2,550
Market$2,590
vs market-$40

FMR is near market; voucher and private rents are aligned.

90% standard$2,295 / 0.89 ratio110% standard$2,805 / 1.08 ratio
0.98
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 32962 (FL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

32962 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 32962 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,520 and the 4 bedroom fair market rent is $2,550.

Use this page for searches like 32962 FMR, 32962 fair market rent, and 32962 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 32962
Bedroom sizeHUD FMR
Studio$1,150
1 bedroom$1,160
2 bedroom$1,520
3 bedroom$1,850
4 bedroom$2,550